Desjardins Group’s portfolio manager, Desjardins Global Asset Management is becoming a signatory of the Principles for Responsible Investment (PRI). PRI is an international group of asset holders, portfolio managers and service providers committing to integrate environmental, social, and governance (ESG) factors in their investing decisions.
Principles for Responsible Investment was launched by the United Nations in 2006, and has almost 1700 signatories from over 50 countries. This represents $62 trillion in assets under management.
Going beyond traditional financial analysis
"By factoring in ESG criteria, we're able to go beyond the traditional financial analysis of the companies we invest in. Adopting the PRI shows that we're committed to growing our responsible investment expertise," said Nicolas Richard, chief operating officer, DGAM, in an announcement May 4. "Since November 2016, we have a team of responsible investment specialists precisely to make headway in this area."
DGAM is a separate entity from Desjardins. It manages approximately $55 billion in assets for Desjardins Financial Security, Desjardins General Insurance, and the Desjardins Group Pension Plan, as well as external institutional clients. "Our team is made up of experts in fixed income securities, Canadian and global equities, and a number of private investment classes, including real estate," says Richard.